Franchise

Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

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News and Articles About Franchise

Franchise Players: From Making Minimum Wage to Running the Show

Franchise Players: From Making Minimum Wage to Running the Show

When she was 16, Dulce Luevano was making $5.15 working at CiCi's Pizza. Now, she owns her own shop.
Franchise Players: Why One Franchise Wasn't Enough

Franchise Players: Why One Franchise Wasn't Enough

Passion for her product drove Sanden Andrews to open up four Smoothie King shops.
A Barbecue-Cleaning Franchise Gets Fired Up

A Barbecue-Cleaning Franchise Gets Fired Up

Grill-cleaning can make for a grate opportunity for franchisees.
Franchise Players: A Pet Care Franchisee Changed Her Life at 21

Franchise Players: A Pet Care Franchisee Changed Her Life at 21

As a 21-year-old business novice, Lauren Morenz found meaning in her job as a Fetch! Pet Care franchisee.
Franchise Players: How I Turned Military Lessons Into Business Success

Franchise Players: How I Turned Military Lessons Into Business Success

Andrew Wilson hasn't let the fact that he’s spent five of the last 10 years deployed slow him down as a franchisee.
Franchise Players: How I Found Love at a Carpet Cleaning Convention

Franchise Players: How I Found Love at a Carpet Cleaning Convention

For this franchisee, franchising allowed her to serve others – and find the love of her life.
A Yoga Franchise for Kids Stretches Bodies and Minds

A Yoga Franchise for Kids Stretches Bodies and Minds

Imagination Yoga uses storytelling to encourage kids to move through a series of yoga positions.
In Sexual Harassment Case, California Rules Domino's Isn't Responsible for Misconduct

In Sexual Harassment Case, California Rules Domino's Isn't Responsible for Misconduct

The California Supreme Court ruled that Domino's could not be held liable as an employer in an employee's sexual harassment case.
Why the Court's Ruling on FedEx Drivers Could Jeopardize the Franchise Model

Why the Court's Ruling on FedEx Drivers Could Jeopardize the Franchise Model

In the latest lawsuit that attempts to define the line between independent entrepreneur and employee, the court ruled that FedEx Ground drivers are employees, not independent contractors.
Franchise Players: These Panera Bread Franchisees Now Have 34 Locations

Franchise Players: These Panera Bread Franchisees Now Have 34 Locations

Two franchisees spill on how they managed to make this fast-casual staple catch on in New England.
In $11 Billion Deal, Burger King Scoops Up Tim Hortons and Heads to Canada

In $11 Billion Deal, Burger King Scoops Up Tim Hortons and Heads to Canada

It's official: Burger King is buying coffee and doughnuts chain Tim Hortons for approximately $11 billion, with financing help from Warren Buffet.
Franchise Players: Former NFL Wide Receiver Buys a Sandwich Franchise

Franchise Players: Former NFL Wide Receiver Buys a Sandwich Franchise

After retiring from the NFL, Troy Williamson decided to open a Which Wich restaurant in Aiken, S.C., where he grew up.
Burger King in Talks to Buy Tim Hortons, Move to Canada

Burger King in Talks to Buy Tim Hortons, Move to Canada

Burger King and Tim Hortons announced on Monday that they are discussion a merger, with Burger King corporate potentially moving to Canada.
Buying a Franchise? When You Need to Worry About Location.

Buying a Franchise? When You Need to Worry About Location.

A look at the common fears of aspiring franchisees when it comes to choosing their franchise location.
11 Ways To Use LinkedIn To Boost Franchise Development

11 Ways To Use LinkedIn To Boost Franchise Development

LinkedIn, where employers and job seekers find each other, is just as good for people seeking entrepreneurial opportunity.
Are Minimum-Wage Activists Trying to Kill the Franchise Model in Seattle?

Are Minimum-Wage Activists Trying to Kill the Franchise Model in Seattle?

The International Franchise Association claims Seattle's new minimum wage law discriminates against franchisees, and says it's all one labor union's fault.
When Eating Out, Your Diet Goes Out the Window

When Eating Out, Your Diet Goes Out the Window

While the majority of people are watching their weight, a surprising number say they stop counting calories when dining out, a new study says.
Franchise Players: Exploring Unique Markets as a Multi-Unit Franchisee

Franchise Players: Exploring Unique Markets as a Multi-Unit Franchisee

With 21 franchise locations in seven states, John Russell understands that just because different locations are under the same brand doesn't mean they are identical.
How Planet Fitness Aims to Become the McDonald's of Gym Franchises

How Planet Fitness Aims to Become the McDonald's of Gym Franchises

Affordable, streamlined and closing in on 1,000 locations – can Chris Rondeau turn Planet Fitness into a mega-chain of McGyms?
5 Life Lessons That Made Me a Better Entrepreneur

5 Life Lessons That Made Me a Better Entrepreneur

Some of the words of wisdom that guide my personal life have proved to be just as useful in the office.
Franchise Players: How This Professor Became a Tutoring Franchisee

Franchise Players: How This Professor Became a Tutoring Franchisee

After 19 years as a professor at the University of Portland, Dr. Mind Hsu turned his hobby of tutoring into a second career.
Our Top Innovative Franchises

Our Top Innovative Franchises

Here are some companies finding new ways to do business.
Franchise Players: From Customer to Franchisee at an Automotive Franchise

Franchise Players: From Customer to Franchisee at an Automotive Franchise

After finding himself out of a job, Eddie Warren turned his automotive skills and love for cars into a career.
Franchise Players: Army Vet Finds a New Team as a Marco's Pizza Multi-Unit Franchisee

Franchise Players: Army Vet Finds a New Team as a Marco's Pizza Multi-Unit Franchisee

Returning to civilian life, Joe Walker found both comradery and a commitment to integrity in franchising.
Chick-fil-A Finally Enters the Fast-Food Coffee Battle

Chick-fil-A Finally Enters the Fast-Food Coffee Battle

Watch out, Starbucks: Chick-fil-A is upping its breakfast game by putting a specialty-grade coffee on the menu.
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